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Updated 22 Jan, 2024 05:06pm

Pakistan stocks market closes higher in first session of week

The Pakistan Stock Exchange closed in the green zone on Monday as the benchmark KSE-100 Index gained more than 600 points.

The 100 Index gained 657.19 points or 1.04% to settle at 63,939.41 levels at the closing of the market.

Similarly, the KSE-30 Index gained 326.05 points or 1.53% to reach 21,601.25 levels at the trading session’s closing.

Meanwhile, caretaker Finance Minister Shamshad Akhtar has said that Pakistan’s economy was expected to grow by 2 to 2.5% in the ongoing fiscal year.

“Growth is to rebound into the positive trajectory in the range of 2 to 2.5%, with agriculture expected to grow by 5.6%, and industry by 2.5% this fiscal year,” she said while addressing the IPO Summit-2024, held in Karachi a day earlier.

She said that the tax collection target was projected to touch the Rs10 trillion mark as the Federal Board of Revenue struggles to launch additional reforms.

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